The Honorary International Investors’ Council (HIIC) rose from the 14th edition of its meeting Friday with a resolution to back the federal government in her battle to overcome the problem of oil theft and other crimes associated with it as well as environmental spoilage to which the country was losing a lot of revenue that would have hitherto accrued to it.
The meeting began Thursday at the Banquet Hall of the Presidential Villa in Abuja. It also resolved to assist the government in its efforts to combat corruption by adopting the Clean Business Nigeria Today (CBNT) move in order to boost private sector participation in the development of the economy.
According to a communiqué issued at the end of the meeting, the growing unemployment rate and the rising number of poor skilled workforce was associated with the poor state of the educational system, urged the Federal Government to improve on its synergy with the other tiers of government and the industry.
in order to build basic education geared towards enhancing capacity of the workforce for industrialization of the economy.
The council also noted the increasing interest shown by international investing community on the Nigerian economy, the concerted effort by government to improve the security situation in the Northern part of the country its commitment to fighting corruption through the numerous programmes.
It further noted the need for Government CBI to focus on industrialisation by focusing on many areas in which it has competitive advantages, particularly in tapping the huge potential of the economy in gas and efforts of government at enhancing capacity for exploitation to promote industrialisation.
It commended the Administration on progress attained in the implementation of Council’s recommendations particularly those of developing performance matrix, its proactive management of the economy its focus on the manufacturing sector.
Other areas on which the government received the council’s kudos are: transformation of the aviation, development in Agriculture, successful privatization of the power sector, generation and distribution plants and the efficient management of the 2012 flood disaster.
The council encouraged government “to proactively sell positive story about Nigeria to the international audience through the media for the purpose of enhancing the image of the country as the preferred investment destination in Africa.
The two day meeting was attended by Mr. President, Dr. Goodluck Ebele Jonathan, GCFR, the Vice President, Arch. Mohammed Namadi Sambo, GFR, the Coordinator of the Council, Baroness Lynda Chalker, the Economic Ministers led by the Minister of Industry, Trade and Investment, Mr. Olusegun Aganga and Minister of National Planning and Dr. Shamsudeen Usman.
The ten members of the Council: Alec Erwin, Olivier Suinat, Haruki Hayashi, Guillaume Roux, Jim Ovia, Jacques Maraud des Grottes, Andrew Brown, Emmanuel Ijewere, David Haworth, Femi Otedola, Aliko Dangote, Umar Mutallab, Simon Harford and Sam Jonah were also in attendance.